Geneva Capital Management LLC Reduces Stock Position in Walmart Inc. $WMT

Geneva Capital Management LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,776 shares of the retailer’s stock after selling 825 shares during the quarter. Geneva Capital Management LLC’s holdings in Walmart were worth $2,423,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Everest Management Corp. boosted its holdings in shares of Walmart by 11.3% in the second quarter. Everest Management Corp. now owns 2,546 shares of the retailer’s stock worth $249,000 after buying an additional 259 shares during the last quarter. Center for Financial Planning Inc. increased its holdings in Walmart by 3.7% during the second quarter. Center for Financial Planning Inc. now owns 11,286 shares of the retailer’s stock valued at $1,104,000 after buying an additional 401 shares during the last quarter. Balentine LLC increased its holdings in Walmart by 1.6% during the second quarter. Balentine LLC now owns 8,094 shares of the retailer’s stock valued at $791,000 after buying an additional 127 shares during the last quarter. Syverson Strege & Co increased its holdings in Walmart by 150.4% during the second quarter. Syverson Strege & Co now owns 30,554 shares of the retailer’s stock valued at $2,988,000 after buying an additional 18,352 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its holdings in Walmart by 30.2% during the second quarter. Great Lakes Retirement Inc. now owns 27,732 shares of the retailer’s stock valued at $2,712,000 after buying an additional 6,433 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $101.25 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.57. The company has a market capitalization of $807.23 billion, a P/E ratio of 38.06, a P/E/G ratio of 4.83 and a beta of 0.67. The firm’s 50 day simple moving average is $102.46 and its two-hundred day simple moving average is $99.15.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm had revenue of $169.34 billion for the quarter, compared to analysts’ expectations of $174.02 billion. During the same period in the prior year, the firm earned $0.67 EPS. Walmart’s revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the completion of the transaction, the chief executive officer owned 4,373,576 shares in the company, valued at approximately $451,396,778.96. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $103.83, for a total transaction of $415,320.00. Following the transaction, the executive vice president owned 1,048,455 shares of the company’s stock, valued at approximately $108,861,082.65. This represents a 0.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 148,838 shares of company stock worth $15,309,020 in the last three months. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on WMT shares. Guggenheim reaffirmed a “buy” rating and set a $115.00 target price (up from $112.00) on shares of Walmart in a report on Monday, August 18th. Truist Financial reduced their target price on shares of Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Oppenheimer upped their target price on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Royal Bank Of Canada set a $116.00 target price on shares of Walmart and gave the company an “outperform” rating in a report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $111.00 target price on shares of Walmart in a report on Wednesday, September 24th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.40.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.